BlackfishCap

I was born in this castle, and I’m ready to die in it.

[BlackfishCap @equityLT]

@MusaPX7 @RileyIsBuilding @BrianSozzi MSFT had teams with 100mn+ more MAUs, it wouldn’t have bought it because it didn’t have to + regulatory concerns. ZM maybe.

[BlackfishCap @equityLT]

@RileyIsBuilding @BrianSozzi CRM bought it north of 15x fwd revenue at the height of the market, could have bought it for like 2-5x a year later

[BlackfishCap @equityLT]

@DarioCpx Isn’t this deferred revenue? It’s a subscription software company that sells more than just Azure, which is prob more consumption than subscription. Has it increased substantially as a % of total revenue vs. 2 years ago?

[BlackfishCap @equityLT]

@BradHuston It kept getting worse

[BlackfishCap @equityLT]

@dotkrueger Mass Mutual owns btc I believe

[BlackfishCap @equityLT]

@sinstockpapi EV or Chelsea? Great spot.

[BlackfishCap @equityLT]

@orrdavid Weren’t they selling children masked as $15k filing cabinets?

[BlackfishCap @equityLT]

@FLinvestor_ Pest control

[BlackfishCap @equityLT]

@SleepwellCap @willis_cap he's publicly stated that he would buy Rolex if he could

[BlackfishCap @equityLT]

@HedgeyeComm Will be end of 2Q, so likely mid-June

[BlackfishCap @equityLT]

@310Value I get it is in their own self-interest, but it's bizarre to go directly against the known opinion of the shareholders.

[BlackfishCap @equityLT]

@310Value Thanks - what are reserves and quality of acreage like vs. TPL?

[ben hoban @wbhoban]

Post-close 8Ks on SVB exposure:
● Roku -- $487M (26%)
● Roblox -- ~$150M
● Ginkgo Bio -- $74M
● iRhythm -- $55M (26%)
● LendingClub -- $21M
● Payoneer -- <$20M

[Sonali Basak @sonalibasak]

*ROKU: 26% OF TOTAL CASH, CASH EQUIVALENTS HELD WITH SVB

[unusual_whales @unusual_whales]

BREAKING: Before the collapse of Silicon Valley Bank, $SIVB, the CEO sold $3.57 million of stock within the last two weeks.

[Jim Fan @DrJimFan]

OpenAI just dropped their “AGI roadmap” 👀
I read through it. Key takeaways:

Short term:
- OpenAI will become increasingly cautious with the deployment of their models. This could mean that users as well as use cases may be more closely monitored and restrained.
- They are working towards more alignment and controllability in the models. I think customization will play a key role in future OpenAI services.
- Reiterates that OpenAI’s structure aligns with the right incentives: “a nonprofit that governs us”, “a cap on the returns our shareholders can earn”.

Long term:
- Nice quote: “The first AGI will be just a point along the continuum of intelligence.”
- AI that accelerates science will be a special case that OpenAI focuses on, because AGI may be able to speed up its own progress and thus expand the capability exponentially.

https://t.co/VuRvbXNqGt

[BlackfishCap @equityLT]

@ShortSightedCap @BucknSF Not well

[BlackfishCap @equityLT]

@PandaValue Can’t wait til RE crashes 50%

[BlackfishCap @equityLT]

@Clyde_stocks @viggy_krishnan @NoCapCapital5 Relatively easy for large enterprise contracts, not for small, frequent, consumer facing transactions